Industry team members and a growing network of more than 700 Canadian
suppliers set to return exceptional value to the Canadian economy

The next-generation Oshkosh MSVS SMP solution is designed to bring the latest ground vehicle technologies to the Canadian Armed Forces for a full range of logistics missions, from disaster recovery at home to major conflicts abroad. (Photo: Oshkosh Defense)

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The next-generation Oshkosh MSVS SMP solution is designed to bring the latest ground vehicle technologies to the Canadian Armed Forces for a full range of logistics missions, from disaster recovery at home to major conflicts abroad. (Photo: Oshkosh Defense)

OTTAWA, Ontario--(BUSINESS WIRE)--The Canadian Government is taking important steps in modernizing its
logistics vehicle fleet by advancing the Standard Military Pattern (SMP)
component of the Medium Support Vehicle System (MSVS) project. Oshkosh
Defense Canada, Inc., a subsidiary of Oshkosh Corporation
(NYSE:OSK), responded to the Government of Canada’s MSVS SMP Request for
Proposal (RFP), offering a high performance, low risk solution to meet
the Canadian Department of National Defence’s (DND) mission requirements
and protect Canadian Soldiers for decades to come.

“Working closely with our Canadian industry partners and a growing
network of Canadian suppliers, our Oshkosh MSVS SMP offering provides
superior vehicle performance, sustainment across six continents, and
ultimately, the best overall value for Canada,” said John Urias, Oshkosh
Corporation executive vice president and president of Oshkosh Defense.
“The Oshkosh MSVS SMP family of vehicles is the next generation of the
world’s most trusted, battle-proven military platform in the field
today. We are proud to present the Government of Canada with our MSVS
SMP bid that meets or exceeds all project requirements, and most
importantly, provides Canadian Soldiers with the modern logistics
vehicles they need to perform their missions.”

The Best Value for Canada

Oshkosh, in collaboration with its Canadian team members and suppliers,
will return 100 percent or more of the MSVS SMP contract value to the
Canadian economy. Oshkosh’s strategic team members for the project
include DEW Engineering and Development, General Dynamics Land Systems –
Canada, and Link Suspensions of Canada – Raydan Division.

“Our MSVS SMP team aligns core Oshkosh design, production and
sustainment strengths with Canada’s finest technology, manufacturing and
services capabilities,” said John Lazar, senior director of Global
Strategic Initiatives for Oshkosh Defense. “We are committed to
supporting MSVS SMP and future Canadian vehicle modernization programs
by working with companies across Canada and creating new economic value
in the process.”

Exceptional Performance, Without the Risk

Oshkosh designed, extensively tested and built its MSVS SMP solution to
bring the latest ground vehicle technologies to the Canadian Armed
Forces. The Oshkosh MSVS SMP vehicles and trailers are built to serve a
full range of logistics missions from disaster recovery at home to major
conflicts abroad. Key vehicle subsystems, including a high-performance
drive train, advanced suspension and braking systems, and a
state-of-the-art armour protection system, allow the Oshkosh MSVS SMP to
achieve a 70 percent off-road mission profile and a 98 percent mission
reliability rate – both of which will enable Canada’s ground forces to
more safely operate in a vast array of threat levels, climates and
terrains.

The Oshkosh MSVS SMP builds upon decades of in-theatre experience around
the globe and more than one billion real-world operational kilometres
accumulated on the Oshkosh Heavy Expanded Mobility Tactical Truck (HEMTT)
platform. The acclaimed HEMTT platform is a purpose-built military
vehicle that has been chosen by the United States Department of Defense
and more than 20 allies worldwide – consistently outperforming
commercial vehicle derivatives in competitive scenarios.

Canada’s MSVS SMP RFP also includes five years of In-Service Support
(ISS). With Canadian troops more frequently mobilized around the world
for defence and humanitarian missions, complete life cycle sustainment
is increasingly important to ensure mission readiness.

The Oshkosh team’s ISS offering leverages decades of performance based
contracting and major repair/overhaul programs experience to minimize
MSVS SMP life cycle costs while maximizing reliability and readiness
rates. “Our ISS plan is based on a robust global supply chain and a
mature logistics system that spans six continents,” added Lazar. “By
applying our logistics supportability analysis methodology to manage
fleet health, Oshkosh has helped reduced military vehicle fleet life
cycle costs as much as 70 percent.”

About Oshkosh Defense

Oshkosh Defense is a leading provider of tactical wheeled vehicles and
life cycle sustainment services. For more than 90 years, Oshkosh has
been mobilizing military and security forces around the globe by
offering a full portfolio of heavy, medium, light and highly protected
military vehicles to support our customers’ missions. In addition,
Oshkosh offers advanced technologies and vehicle components such as TAK-4®
independent suspension systems, TerraMax™ unmanned ground
vehicle solutions, Command Zone™ integrated control and
diagnostics system, and ProPulse® diesel electric and
on-board vehicle power solutions, to provide our customers with a
technical edge as they fulfill their missions. Every Oshkosh vehicle is
backed by a team of defence industry experts and complete range of
sustainment and training services to optimize fleet readiness and
performance.

Oshkosh Corporation is a leading designer, manufacturer and marketer of
a broad range of specialty access equipment, commercial, fire &
emergency and military vehicles and vehicle bodies. Oshkosh Corporation
manufactures, distributes and services products under the brands of
Oshkosh®, JLG®, Pierce®,McNeilus®,
Jerr-Dan®, Frontline™, CON-E-CO®, London®
and IMT®. Oshkosh products are valued worldwide in businesses
where high quality, superior performance, rugged reliability and
long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.

®, TM All brand names referred to in this news release are
trademarks of Oshkosh Corporation or its subsidiary companies.

Forward-Looking Statements

This press release contains statements that the Company believes to be
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical fact, including, without limitation, statements
regarding the Company’s future financial position, business strategy,
targets, projected sales, costs, earnings, capital expenditures, debt
levels and cash flows, and plans and objectives of management for future
operations, are forward-looking statements. When used in this press
release, words such as “may,” “will,” “expect,” “intend,” “estimate,”
“anticipate,” “believe,” “should,” “project” or “plan” or the negative
thereof or variations thereon or similar terminology are generally
intended to identify forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to
risks, uncertainties, assumptions and other factors, some of which are
beyond the Company’s control, which could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements. These factors include the cyclical nature of the Company’s
access equipment, commercial and fire & emergency markets, especially
with the current tepid outlook for the U.S. and European economic
recoveries and the struggles the U.S. government has encountered trying
to resolve budgetary and debt issues; the strength of emerging market
growth and projected adoption rate of work at height machinery; the
expected level and timing of the DoD procurement of products and
services and funding thereof; risks related to reductions in government
expenditures in light of U.S. defense budget pressures, sequestration
and an uncertain DoD tactical wheeled vehicle strategy, including the
Company’s ability to successfully manage the cost reductions required as
a result of the significant projected decrease in sales levels in the
defense segment; the Company’s ability to win a U.S. JLTV production
contract award; the Company’s ability to increase prices to raise
margins or offset higher input costs; increasing commodity and other raw
material costs, particularly in a sustained economic recovery; risks
related to facilities consolidation and alignment, including the amounts
of related costs and charges and that anticipated cost savings may not
be achieved; the duration of the ongoing global economic weakness, which
could lead to additional impairment charges related to many of the
Company’s intangible assets and/or a slower recovery in the Company’s
cyclical businesses than Company or equity market expectations; risks
related to the collectability of receivables, particularly for those
businesses with exposure to construction markets; the cost of any
warranty campaigns related to the Company’s products; risks related to
production or shipment delays arising from quality or production issues;
risks associated with international operations and sales, including
foreign currency fluctuations and compliance with the Foreign Corrupt
Practices Act; the Company’s ability to comply with complex laws and
regulations applicable to U.S. government contractors; and risks related
to the Company’s ability to successfully execute on its strategic road
map and meet its long-term financial goals. Additional information
concerning these and other factors is contained in the Company’s filings
with the Securities and Exchange Commission. All forward-looking
statements speak only as of the date of this press release. The Company
assumes no obligation, and disclaims any obligation, to update
information contained in this press release. Investors should be aware
that the Company may not update such information until the Company’s
next quarterly earnings conference call, if at all.